U.S. stocks are drifting near a record on Thursday as Wall Street’s recent rally loses some momentum. The S&P 500 was down 0.1% in early trading after pulling to the edge of its all-time high Wednesday following its sixth gain in seven days.

U.S. stock indexes are drifting higher following a mostly encouraging batch of profit reports from big companies

U.S. stocks rose after more companies said they made bigger profits at the end of last year than analysts expected and as Treasury yields eased.